Journal of Financial Regulation and Compliance: Volume 10 Issue 3

Cruickshank’s recommendations as to the future of the UK payment system

John K. Ashton, Gary Boyes

Retail payments systems are a key element in the financial infrastructure of any capitalist economy ‐ through them governments can enact economic policy and individuals and…

Practical aspects of implementing a Basel II‐compliant economic capital framework

Bert Bruggink, Eugen Buck

In this case study the authors outline how a major financial institution in the Netherlands deals with the practical aspects of implementing a Basel II‐compliant economic capital…

The 1998‐99 banking crisis in Uganda: What was the role of the new capital requirements?

Paul Mpuga

Up to the early 1990s, Uganda’s financial structure was characterised by government controls and instability, leading to financial repression and lack of development in the…

FSA Consultation Paper 121 and the move to depolarisation ‐ A critical analysis

Patrick Ring

The Financial Services Authority’s (FSA) Consultation Paper 121 suggesting depolarisation in the retail financial services sector has generated a great deal of debate. The…

Financial regulation of public limited companies in the UK: A way forward post‐Enron

SteIIa Fearnley, Richard Brandt, Vivien Beattie

On 16th April, 2002, the authors gave oral evidence to the House of Commons Treasury Committee Inquiry into Financial Regulation of Public Limited Companies which was set up…

A fraud detection model: A must for auditors

Maria Krambia‐Kapardis

This paper addresses a fundamental issue in financial regulation ‐ that of the auditor’s ability to detect material irregularities. If an auditor is to detect irregularities…

Mindsets and consequences in corporate governance and control: Part 1

Carole Edrich

This paper sets out to examine some of the current challenges in corporate governance and control. It comprises two parts. Part 1 examines formal requirements and how they have…

Senior managers and discipline

Philip Ryley, John Virgo

The Financial Services and Markets Act 2000 (the Act) establishes extensive investigative powers and disciplinary powers that may be exercised by the Financial Services Authority…